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Your local travel agent is a advertising an upscale winter vacation package for travel ten years from now to Austria. The package requires that you

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Your local travel agent is a advertising an upscale winter vacation package for travel ten years from now to Austria. The package requires that you pay $20, 000 today, $35, 000 one year from today, and a final payment of $45, 000 on the day you depart ten years from today. What is the cost of this vacation in today's dollars if the discount rate is 0.75. percent

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